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Pick all the goods and classify them accordingly. Your mother went to the market to shop goods for the family.
She purchased the following goods. Canned goods; bread; sacks of rice; meat; vegetables; toothpaste; bath
soaps, perfumes; wristwatch: aircon to ventilate her store and coffee maker for her store.
Consumer Goods
Industrial Goods
Essential Goods
Luxury Goods
Economic Goods


Sagot :

Answer:

Consumer goods- Toothpaste, Bath soap

Luxury good- perfumes, wrist watch

Industrial goods- Coffee maker

Economic goods- Aircon

Essential goods- Canned goods, bread, meat, vegetables, sack of rice

Explanation:

Consumer goods are products bought for consumption by the average consumer.

Luxury goods are products that are not essential but are highly desired and associated with wealthy or affluent people.

Industrial goods is products or services purchased for use in the production of other goods or services, in the operation of a business, or for resale to other consumers.

An economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost.

Essential consumer goods or services" means goods or services that are or may be bought or acquired primarily for personal, family or household purposes, including but not limited to residential construction materials or labor, shelter for payment such as a hotel room, food, water or petroleum products such as gasoline or diesel fuel and are necessary for the health, safety or welfare of consumers.

-It simply means survival kit or goods

Explanation: